1.3 Government Intervention

11-13 Article hunting - post to Fake Padlet (blue)

Homework due: Elasticity Exam Review in class

- - - - Access the folder with the markscheme, examiner's comments, and sample exams.
      - 1. Read the markscheme and examiner's comments. Be sure you understand what was expected on every question and what the examiner was looking for.
      - 2. Read the unmarked samples and evaluate them with the markscheme.
      - 3. Evaluate your own exam and write a justification for the grade you give to each of the components.
      - 5. Upload your evaluation to ManageBac

11-15 Government Intervention worksheet

Homework due:

- - - - Read/notes 5.1
      - Watch "The effect of a per-unit tax on an inelastic good- cigarettes” (12:40)
      - Watch "The effect of a per-unit tax on an elastic good -candy bars (8:00)

11-18 Beer & taxes: read the article and complete the activity

Homework due:

- - - - Read/take notes 5.2 UP TO p.103
      - Watch ""The effect of a Tax on Supply pt1" (5:00)

11-19 Begin King of Jordan activity

Homework due:

- - - - Read/take notes 5.3
      - Watch "The Effects of a Per Unit Subsidy" (10:21)

11-20 Conclude King of Jordan activity

Homework due:

- - - - Watch "The effects of taxes and subsidies on government budgets" (12:40)

12-3 Ziogas water heaters

Homework due:

- - - Watch "Price controls" (11:39
    - Watch "Non-binding price controls" (5:27)

12-4 Welker 5.3 Gov’t intervention Activity; Nigerian Fuel subsidies: read the article and complete the activity

Homework due:

- - - Watch: "Quantity controls and deadweight loss" (9:35)

12-5 Price controls practice

Homework due: Read/take notes 5.4/5.5

12-9 Article sharing; quotas

Homework due: Find an article on price controls. Post it to Fake Padlet USING A PINK POST-IT. Do a DEED analysis.

12-11 Practice exam & review; make sure you understand this

Homework due:

- - - Answer the Nov. 5 question from the list of potential questions

The unintended consequences of America's corn subsidy: "How the Corn (Ethanol) Subsidy Made Us Fatter"

More on why the corn subsidy was - and is - a bad idea

The Ascent of Money Series

In the first episode of the four-hour series THE ASCENT OF MONEY, economist and historian Niall Ferguson documents the roots of money and finance in the conquest of the Americas, from the Incan empire to the Louisiana territory.

In "Bonds of War," episode two of the four-part THE ASCENT OF MONEY, Niall Ferguson discusses John Law and his Louisiana territory Ponzi scheme; bond markets support warfare in Europe; globalization accelerates with the economic invasion of the Far East.

In “Risky Business,” episode three of the four-part THE ASCENT OF MONEY, economist and historian Niall Ferguson examines the roots of the insurance industry in Europe; how disasters like Hurricane Katrina expose problems in risk management; how countries like Japan and Chile manage risk for their citizens; and the great rewards that can be accumulated through risk with hedge funds.

In the final episode of four-part THE ASCENT OF MONEY series, Niall Ferguson chronicles the spread of good — and bad — financial practices across the globe, the meteoric rise of the American real estate market, and the consequences of the subprime mortgage fiasco.